“Euro-socialism is on the verge of collapse”. Don’t worry, guys. Even though its proven to fail, Obama will push it here.

…EU president Van Rompuy warned that the bloc risks irrelevance and the end of its expensive welfare programs if it can’t speed up economic growth, forecast to expand by just 1 percent this year.

"With 1 percent growth we can’t finance our social model any more. With 1 percent structural growth we can’t play a role in the world," he told the World Economic Forum in Brussels. "We need to double the economic growth potential that we now have."

Many are skeptical that can be achieved…

So just as the Europeans are clue’ing up that their shit don’t work, and money really doesn’t grow on trees, the US is dumbing down and looking to follow their failed example.